The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-06-22
CAUGHT IN TIE WHEAT DEAL,
Tho Fhlelity National Bnnk OF Cincinnati In
n .H n Receivers Hands, st.

VIsclNNAT1,E w., June 2l.-The Fidelity
National Bank WAS closed this morning b.
order Of tho Government through its rep
|resentatiye. Mr.. Eugene Powell. A meet
Ing OF tho Board OF Directors was called q
O'Clock this morning and Is now in ses
sion. No mesns OF ascertaining thei
action exists. The doors OF the bank are
closed and policemen within and withou
guard the entrance against everybody OK
/ cept persons having brsiness with the gaf,
deposit department OF the bank. i .,9, VI
The sidewalks are lined with people il
the vicinity, who are quietly discussing
the situation without oven knowing that
Government Bank Examiner hss bee,
here or that tho doors are closed by Gov
ernment authority. No notice has beer
posted and the only information given q
the door ID, that the doors are absolutely
CLOSED to verybody except persons hay
ing property In the Sale Deposit vaults.
One irate depositor created scene by
forcing himself half way into the door
where he received heavy blow in tht
lace from eome one inside, and was finally
taken away by the officers. He said ht
left bis money aud his bank book in there
Yesterday, and he wanted at least hit
book. Nothing at all is known yet Of the
action OF reorganization, as suggested by
leaving out the three officers named in
these dispatches last night. It will be
the duty Of the directors to make thie
change II 1t ID made at all. One Of the
officials OF the bank this morning assured
q friend who had entrance to the Safe De.
posit vaults that the bank would nav
every dollar it owed. The general feeling
has been that the bank is strong enough,
but feeling ofsmistrust has become en-.
.gsndered from various causes against q
few oil the officers. ( .af'5l
A RECEIVER APPOINTED.
It is now stated that the Director'e
have determined upon the appointment
OF receiver to take charge OF the bust
ness aud an effort is being made to obtain
ons. AIR. Grihiths, of the Citizens
National, has been suggested, but t il
thought ho will not accept. .fi .I5@.,.
The Directors meeting has closed, but
the doors still remain impossible, being
guarded by a doorkeeper and policeman
within, and several policemen on the out.
side. The crowd has oil gone, and aside
from the policemen at the door, and the
iew knots Of people along the square dis
cussing the situation, there is nothing tc
indicate the occurrence Of anything more
than usual. fea ,H-- 49, ~ s's4s,
At the meeting Of the directors thif
morning Mr.. Powell, the Bank Examiner
announced that owing to impairment o
the bank resources, the Government
would take charge ofit and would appoint
8 receiver to wind up the business. d
It is said, unollcially, that the alterna
tive was given OF continuing in busines!
by a Reorganization, which would have on
Vice President Harper, Oaahier Bald win
and Assistant Cashier Ben E. Hopkins
but that the Directors were unable to agre,
upon such a plan, or were unwilling Il
take the risk Of rnn following the inter
ference Of the Government. The outcome
however, was the appointment OF Mr.. JOIN
Il. DeCamp, Vics President OF the Metro
politsn National Bank, receiver, and b,
was placed in charge of the banks affairs
It ia now stated that tho clearing houst
settlements Of the past few days hay,
shown an unusual drain on their resources
Besides this, many banks have kept thei
checks out of the clearing house as favor
There are numerous rumors a1ost con
cerning the cause OF the action of thu
Bank Exchange. Vice President Harper
who has borne a heavy strain for the paa
week, was much distressed this morning
calls himself a ruined man aud is in hjpt
otate Of excitement. A conservative di
rector says it is his opinion that the de-
positors will get their money in full.